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~ I.'\o~r 3" ~' . '....IL- AN ORDINANCE LEVYII<<:i TAXES FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CUY OF SAN MARCOS, TEXAS, AND TO PROVIDE A S INKII<<:i FUND FOR THE RETIREMENT OF THE BONDED DEBT OF SAID CITY J I BE IT ORDAINED BY THE GOVERNII<<:i BODY OF THE CITY OF SAN MARCOS, SECTION I. There is hereby levied for the year 1958, upon all property, real, perDonal and mixed, not exempt from taxation by the constitution and laws of this State, situated within the corporate limits of Daid City of San MarcoD, Texas, and there shall be collected, for the use and support of the municipal government of said City of San Marcos, Texas, to provide a Sinking Fund for the retirement of the bonded debt of said City, and to provide for permanent improvements in said City, a tax of Two Dollars ($2.00) on each One Hundred Dollars of valuation of property as aforesaid; and said tax, so levied and collected, shall be apportioned to the specific purposes hereinafter set forth, to wit. I a. For the payment of current expenses and to be deposited in the General Fund, one Dollar and Fifty-Qne cents ($1.51) on each One Hundred Dollars of valuation of such property; and b. To provide for a Sinking Fund for the payment of the principal and interest and the retire- ment of the bonded debt, as the same shall be- come due, Forty-Nine cents (49~) on each One Hundred Dollars of valuation of such property, or so much thereof, or so much more, if any, as shall be necessary to pay the principal and interest for the current year. SECTION 2. There is hereby levied and there shall be collected from every person, firm, association or corporation pursuing any occupation taxed by the General Laws of the State of Texas, an annual occupation tax equal in each instance to one-half (t) of the state Occupation Tax, which tax shall be paid annually in advance, except as otherwise provided by State Law, in I which event such tax shall be levied, collected and paid as is provided by State Law, the amount thereof not in any event to exceed one-half (t) of the State Occupation Tax, as aforesaid. SECTION 3. All monies anticipated for collection under this ordinance shall be indicated as revenue and expenditures by the City Manager in the preparation of the annual budget; and the City Treasurer shall keep accurate and complete records of all monies collected under this ordinance and of the purposes for which the same are expended.